facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Multifamily

/

Loan

/

3119 Camelot Drive

Banco Santander Provides $28.4 Million Refinance Loan To Yossi Edelkopf For Haines City Multifamily
FINANCEDMultiFamily

Banco Santander Provides $28.4 Million Refinance Loan To Yossi Edelkopf For Haines City Multifamily

3119 Camelot Drive

$28,400,000

$69/SF

Building Size

410,000 SF

Asset Type

MultiFamily

Closing

Feb 28, 2025

AI

The asset involved is a MultiFamily property located at 3119 Camelot Drive in Haines City. The transaction includes a loan amount of $28,400,000.00, which is part of a refinance arrangement with specific loan terms set at 6.5% interest for a duration of 5 years.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $28,400,000.00
  • Loan Type: Refinance
  • Loan Terms: 6.5% interest for 5 years
  • Lender: Banco Santander
  • Lender's Representative: Managing Director from Walker & Dunlop
  • Landlord: Yossi Edelkopf
  • Loan Date: 02/28/2025

Key individuals involved in this transaction include Yossi Edelkopf as the landlord and the Managing Director from Walker & Dunlop representing Banco Santander in the lending process. The involvement of these parties indicates a structured approach to refinancing this MultiFamily asset within the Haines City market.

Players

Harvey Pava

Walker & Dunlop

Broker

$260.8M

vol

2 deals

Broker
Banco Santander
Banco SantanderLender

Haines City MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.56%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93